TrinityBridge Ltd Sells 1,389 Shares of Micron Technology, Inc. $MU

Key Points

• TrinityBridge reduced its Micron stake by 28.1% in the third quarter, selling 1,389 shares and retaining 3,562 shares valued at about $3.8 million. Institutional investors collectively own 80.84% of the stock.
• Micron beat quarterly earnings and revenue expectations, reporting EPS of $33.42 and revenue of $54.23 billion; revenue rose 379.1% year over year. The company also issued first-quarter 2027 EPS guidance of $37.15–$39.15.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus, but risks include potential competition from China’s CXMT and concerns about the memory cycle. Company insiders sold 83,545 shares worth about $78.5 million over the past three months.

TrinityBridge Ltd cut its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 28.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,562 shares of the semiconductor manufacturer's stock after selling 1,389 shares during the quarter. TrinityBridge Ltd's holdings in Micron Technology were worth $3,807,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Bullseye Investment Management LLC purchased a new stake in shares of Micron Technology in the second quarter valued at $27,000. Aventus Investment Advisors Inc. bought a new stake in shares of Micron Technology in the 3rd quarter worth about $30,000. Steph & Co. bought a new stake in shares of Micron Technology in the 3rd quarter worth about $31,000. Montgomery Financial Services LLC purchased a new position in shares of Micron Technology during the 2nd quarter worth about $38,000. Finally, JNBA Financial Advisors boosted its stake in shares of Micron Technology by 77.3% during the 2nd quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer's stock worth $45,000 after purchasing an additional 17 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology News Summary

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Memory stocks recovered as investors rotated back into semiconductor shares, with easing oil prices also helping risk appetite. Why are Micron, SK Hynix, and SanDisk stocks rising on Tuesday?
• Positive Sentiment: AI’s growing need for memory could support Micron’s opportunity: the article highlights memory’s importance to AI performance and the company’s potential to compete on value. Micron Said “Super Intelligence” Creates the Most Compelling Opportunity in Its History
• Positive Sentiment: Micron could step up share repurchases starting in December after Chips Act restrictions expire, potentially adding support for shareholder returns and demand for the stock. Micron Expected to Launch Massive Stock Buybacks in December
• Neutral Sentiment: Some analysts see substantial upside after the pullback, though the coverage cautions that memory-stock rallies have been difficult to sustain. Micron Stock Is in a Slump but Analysts Say It Can Soar 100%
• Negative Sentiment: Investor Dan Niles warned that Chinese memory maker CXMT is targeting a 20% share by 2028, raising the prospect of increased competition for Micron. Micron’s Real Risk: China’s CXMT Targets “20% by 2028,” Warns Dan Niles
• Negative Sentiment: Recent concerns about the memory cycle remain: a cautious outlook from Kioxia weighed on Micron and other memory shares in the prior session, while one commentator argued AI-chip stocks may not have fallen enough. Micron Falls as Kioxia’s Cautious Outlook Hits Memory Stocks

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MU shares. Itau BBA Securities upped their price target on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Mizuho increased their price objective on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an "outperform" rating in a research report on Thursday, October 1st. DA Davidson raised their price objective on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the stock a "buy" rating in a research note on Wednesday, October 7th. Sanford C. Bernstein restated an "outperform" rating on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Arete Research boosted their target price on Micron Technology from $852.00 to $1,500.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,407.88.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Deboer sold 28,545 shares of the company's stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the completion of the transaction, the insider owned 147,430 shares in the company, valued at $132,687,000. This represents a 16.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 83,545 shares of company stock valued at $78,460,850 in the last three months. Company insiders own 0.24% of the company's stock.

Micron Technology Stock Up 2.6%

NASDAQ:MU opened at $855.10 on Wednesday. The company has a market cap of $967.48 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 0.14 and a beta of 2.36. Micron Technology, Inc. has a twelve month low of $192.59 and a twelve month high of $1,255.00. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $974.91 and a 200-day simple moving average of $749.61.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping analysts' consensus estimates of $31.77 by $1.65. The firm had revenue of $54.23 billion for the quarter, compared to analysts' expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business's revenue for the quarter was up 379.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Analysts anticipate that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 14th. Micron Technology's payout ratio is 0.81%.

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.

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